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This year, the total number of jobs in the global bank was 77,000

Published On 02 Jan 2020 09:43 AM


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FRANKFURT: Banks around the world are announcing the first round of job cuts in four years, cutting the expense of weathering a slowing economy and shifting to digital technology.

More than 50 lenders announced plans this year to cut a combined workforce of 77,780, the most since 91,448 in 2015, according to company and labor union filings. Banks in Europe, facing the added burden of negative interest rates over the coming years, acc....


Tags : Europe, jobs, Deutsche Bank, Germany ,
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